Newmont Corp (NYSE:NEM) shares traded 0.72% higher at $47.51 on Wall Street last session.
NEM stock price is now 12.61% away from the 50-day moving average and 24.14% away from the 200-day moving average. The market capitalization of the company currently stands at $54.79B.
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With the price target maintained at $61, CIBC recently Upgraded its rating from Neutral to Sector Outperform for Newmont Corp (NYSE: NEM). , while ‘UBS’ rates the stock as ‘Buy’
In other news, Palmer Thomas Ronald, President & CEO sold 13,000 shares of the company’s stock on Jul 01 ’24. The stock was sold for $547,690 at an average price of $42.13. Upon completion of the transaction, the President & CEO now directly owns 331,469 shares in the company, valued at $15.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, EVP & COO Atkinson Robert D sold 5,500 shares of the business’s stock. A total of $226,930 was realized by selling the stock at an average price of $41.26. This leaves the insider owning 54,251 shares of the company worth $2.58 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, Newmont Corp has had a low of $29.42 and a high of $47.21. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.15, and a quick ratio of 1.77. The fifty day moving average price for NEM is $42.327 and a two-hundred day moving average price translates $38.30515 for the stock.
The latest earnings results from Newmont Corp (NYSE: NEM) was released for 2024-03-31. The net profit margin was -20.36% and return on equity was -11.08% for NEM. The company reported revenue of $4.02 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.17 percent.
